Dodd Frank Work Around..
The new Dodd Frank rules are presenting a bottleneck for me. The headaches of purchasing a property as an investor under the new Dodd Frank rules cost my a cash flowing property (800/mo). I would like to put as little down as possible using FHA or Conventional Financing to avoid DF period.
What is the work around?
How can I purchase a SFR as a personal asset and convert it into my LLC?
- conventional/FHA loan and assign it to LLC at the table
- conventional/FHA loan and quit-claim to LLC
How can this be done with as little out of pocket money?